By Angela McDaniels
Tacoma, Wash., June 19– Morgan Stanley priced $5 million of 0% return optimization securities due June 20, 2019 linked to the FTSE EPRA/NAREIT Developed Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 500% of the index return, subject to a maximum return of 75%. If the index return is negative, investors will be fully exposed to the decline.
The index is designed to track the performance of listed real estate holding and development companies and real estate investment trusts in Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom (excluding the Channel Islands).
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley
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| Issue: | Return optimization securities
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| Underlying index: | FTSE EPRA/NAREIT Developed Europe index
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| Amount: | $5 million
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| Maturity: | June 20, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 500% of any index gain, up to 75% maximum return; exposure to any index decline
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| Initial index level: | 1,764.53
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| Pricing date: | June 17
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| Settlement date: | June 20
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| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
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| Fees: | 2.5%
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| Cusip: | 61761S505
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